The cost of insurance is one of the things you’ll need to consider when you’re shopping for a new or used Hyundai. It’s essential to have good coverage in case of an accident, but did you know that a few things can impact your rates? Here are six surprising facts about car insurance that you should be aware of when visiting your Hyundai dealer.
1. You Can Be Dropped for Just About Any Reason
If your insurer decides to drop you, they don’t need to give you a reason. Sometimes it’s for obvious reasons, such as not paying your premiums on time or being convicted of a DUI. But in most cases, insurers can cancel or choose not to renew your policy for any reason they deem fit.
2. Your Coverage May Extend to Other Drivers
If you let someone borrow your car, they may be covered by your insurance policy. Most policies cover anyone who drives your vehicle with your permission, with some exceptions, such as an employee. Before lending your car out, check with your insurer to find out who is and is not covered.
3. You May Be Overpaying for Insurance
Many people are paying for insurance they don’t even need. You may not need collision or comprehensive coverage if your car is paid off. And if you have a good health insurance policy, you may not require personal injury protection. Find out what coverages you really need through your insurer and drop the rest to save money.
4. A Single Traffic Ticket May Increase Your Rates
If you get a traffic ticket, your insurance rates could increase. A minor infraction like speeding could cause your rates to more than double! Be sure to obey speed limits and other traffic laws to avoid this from happening.
5. Specific Jobs Require More Coverage
Auto insurance will be more expensive for people with jobs that require them to drive often or for long distances. People who drive more, such as rideshare drivers, are at a higher risk for accidents and are more expensive to insure. And if your job doesn’t require you to drive, let your insurer know: you may be able to get a discount.
6. Older Cars May Not Need Full Coverage
You may not need full coverage insurance if you drive an older car that isn’t worth much. Getting liability-only coverage may be more cost-effective if the value of your car is less than the cost of your deductibles. Talk to your insurer about whether or not full coverage is right for your needs and budget.
Your search for the perfect car can begin now that you know these six facts about auto insurance. Keep money in your wallet with the all-new Tuscan Hybrid and enjoy the benefits of a dependable, fuel-efficient ride. Visit us today at Crain Hyundai of Little Rock to check out our affordable new and used vehicles. Your perfect car awaits you!
Image via Hyundai.
Connect with us
